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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 119
Find the tax in the following application problems
HEAD OF HOUSEHOLD Martha Spencer, owner of The Doll House, had wages of $73,800, dividends of $385, interest of $1672, and adjustments to income of $1058 last year. She had deductions of $877 for state income tax, $342 for city income tax, $4986 for property tax, $5173 in mortgage interest, and $1800 in contributions. She claims four exemptions and files as head of household.
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HEAD OF HOUSEHOLD Martha Spencer, owner of The Doll House, had wages of $73,800, dividends of $385, interest of $1672, and adjustments to income of $1058 last year. She had deductions of $877 for state income tax, $342 for city income tax, $4986 for property tax, $5173 in mortgage interest, and $1800 in contributions. She claims four exemptions and files as head of household.
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Explanation
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Verified
Find the adjusted gross income, 
Therefo...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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